Public-Good Provision in Large Economies
نویسندگان
چکیده
منابع مشابه
Public-Good Provision in a Large Economy
We propose a new approach to the normative analysis of public-good provision in a large economy. Our analysis is based on a mechanism design approach that involves a requirement of coalition-proofness, as well as a requirement of robustness, so that the mechanism must not depend on specific assumptions about individual beliefs. Our main result shows that such a mechanism can condition only on t...
متن کاملRepeated Public Good Provision
We provide a tractable framework for studying the e¤ects of group size and structure on the maximum level of a public good that can be provided in sequential equilibrium in repeated games with private monitoring. We restrict attention to games with "all-or-nothing" monitoring, in which in every period player i either perfectly observes player js contribution to the public good or gets no infor...
متن کاملDemocratic public good provision
This paper analyzes an overlapping generation model of public good provision under repeated voting. The public good is financed through age-dependent taxation that distorts human capital investment. Taxes redistribute income both across different skill groups and across generations. We contrast the political equilibria with the Ramsey allocation, and analyze the sources of inefficiency. The pol...
متن کاملPublic Good Provision by Bargaining
This paper studies how the level of the public good and the amounts of taxes are determined in a bargaining model. Using the Nash bargaining solution as the solution concept, the paper shows that the nature of individuals’ preferences over the public good and private good determines the nature of the tax regime. In particular, the paper characterizes conditions on preferences under which the Na...
متن کاملPublic-Good Productivity Differentials and Non-Cooperative Public-Good Provision
We explore the generality of Konrad and Lommerud (1995)’s Rotten Spouse Theorem. While the result holds for an arbitrary number of agents, it fails to hold for general technologies. We discuss some of the implications for CO2-emissions models.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2670425